"Disruptive changes" such as slowing electric load growth, falling peak-load power prices due to demand response mechanisms and expanding distributive generation are challenging power producers in the US. "We as an industry have to meet the challenge and embrace these trends. If we don't, they are going to run over us," says Jon Wellinghoff, chairman, Federal Energy Regulatory Commission (FERC).
GE is betting on a 25-year super-cycle of natural gas generation, underpinned by cheap shale gas supply, hence the company heavily invests to increase this side of the business, says Paul Browning, President and CEO of Thermal Products, GE Power & Water.
Improved combustion technology at Alstom's GT 26 gas turbine can cope with an expanding range of fuel compositions while maintaining emissions and reliability, says Alexander Bill, Service Manager at Alstom's Power Division.
Doors are opening to POWER-GEN International at the Orange County Convention Centre in Orlando, Florida, today. More than 20,000 attendees are expected to visit the exhibition and attend conference sessions.
OMV, Austria's largest utility, is ready to take financial investment decision (FID) for building a gas-fired power plant in Bavaria, provided capacity markets are introduced to guarantee a stable rate of return.
The U.S. Department of Energy's Advanced Research Projects Agency (ARPA-E) will grant Pratt & Whitney Rocketdyne funding worth $5 million for three cost-sharing projects set to improve efficiency and reduce costs of gas turbines in commercial-scale power plants.
Coal generation will regain ground from gas in the US power sector in the coming year leaving less coal available for export to Europe and Asia, investment bank Barclays Capital forecast.
Flexible rather than conventional gas generation could save Britain between £380 million to £550 million by 2020 and up to £1.54 billion by 2030 alone through reduced balancing costs incurred by National Grid, research commissioned by Wärtsilä through Redpoint Energy and Imperial College London shows. The modelling is based on replacing 4.8GW of conventional CCGTs with 4.8GW of gas-fired Smart Power Generation.
The launch of capacity markets may come too late, the Department of Energy and Climate Change (Decc) has acknowledged, and decreasing generation margins are threatening Europe's energy trading market. "Decc may well find that once they intervene, find they have to intervene again which causes the risk that we will go back to a regulated energy market," says Jim Fitzgerald, associate partner at The Advisory House.
E.ON, Germany's largest utility by market value, will take legal action before December 20 against Germany's energy regulator BNA over compensation levels for power plant re-dispatch, it confirmed today.
A 'dash for gas' scenario, unveiled by UK Chancellor George Osborne as part of the Gas Generation Strategy, may threaten the country's climate targets, critics warn. As one of three proposed scenarios, the 'dash for gas' case calls for 37 GW of new gas-fired power plant capacity, or up to 40 plants, by 2030 and implies a rewrite of a draft law that sets out Britain's carbon emissions reduction goals by the mid-2020s.
Prospects of a carbon floor price, introduced as part of the UK Electricity Market Reform (EMR), could render coal uneconomic compared with gas generation which may led to plant closures, says David Brewer, director general of the confederation of UK Coal Producers (CoalPro).